Head to head
the arrow points to the better figure| Bulk | Deribit | |
|---|---|---|
| Trading | ||
| $7.00 | BTC trade, $10k≈ | $7.06 |
| $1,296 | ◀BTC trade, $1M | $1,461 |
| $1.9M | BTC book depth▶ | $46.5M |
| 0.035%/0.000% | Taker / maker≈ | 0.035%/0.015% |
| 40x | Max leverage▶ | 50x |
| Size | ||
| $38.5M | Volume 24h▶ | $12.65B |
| $32.4M | Volume, 7-day average▶ | $9.13B |
| $15.9Mlongs + shorts | Open interest | $1.33Bone side |
| $7.0M | TVL | — |
| Markets | ||
| 19 | Markets▶ | 144 |
| 8 | Stocks & RWA▶ | 42 |
| 1h | Funding paid every | 1h |
| +0.0100% | BTC funding /8h | +0.0048% |
| +0.811% | BTC longs paid, 30d | +0.745% |
| Access | ||
| No ID | ◀KYC | Required |
| none yet | Token | none yet |
| — | Airdrop | — |
Cost to trade BTC
| Size | Bulk | Deribit |
|---|---|---|
| $1k | $0.707.0 bp | $0.717.1 bp |
| $10k | $7.007.0 bp | $7.067.1 bp |
| $100k | $71.247.1 bp | $78.347.8 bp |
| $1M | $1,29613.0 bp | $1,46114.6 bp |
| $5M | — | $15,57631.2 bp |
BTC funding per day
pair pageSize
daily, since Sep 1Volume by asset class
last 90 daysOn both: 17
funding /8h · Net 7d at $10k| Asset | Bulk | Deribit | Spread | Net 7d |
|---|---|---|---|---|
| BTC | +0.0100% | +0.0023% | +0.0077% | −$12 |
| ETH | +0.0060% | +0.0012% | +0.0048% | −$23 |
| SOL | +0.0100% | 0.0000% | +0.0100% | −$31 |
| ZEC | +0.0100% | 0.0000% | +0.0100% | −$18 |
| PAXG | +0.0011% | +0.0386% | +0.0375% | −$26 |
| HYPE | +0.0100% | +0.0002% | +0.0098% | −$42 |
| NEAR | +0.0100% | +0.0074% | +0.0026% | −$25 |
| XRP | +0.0100% | +0.0015% | +0.0085% | −$11 |
| LIT | −0.0273% | −0.0130% | +0.0143% | −$42 |
| MON | −0.0347% | −0.0281% | +0.0066% | −$48 |
| PUMP | +0.0100% | +0.0005% | +0.0095% | −$46 |
Only on Deribit: 125
EURC · XAU · SOXL · QQQ · AVAX · XAG · LINK · SPY · UNI · DOGE · TRX · GOOGL · BNB · ANTHROPIC · SUI · ADA · LTC · XLM · SPCX · AAVE · BE · ENA · DOT · BCH · CL · INTC · WLD · AERO · MSFT · LITE · HBAR · BZ · OPENAI · CRV · WIF · ONDO · CBRS · INJ · AAPL · KORU · EWY · AMZN · ARB · DRAM · TRUMP · NBIS · TAO · META · RENDER · SOXS · COIN50 · FARTCOIN · SKHY · SNXX · FIL · ETHFI · ATOM · MRVL · AMD · PEPE · and 65 more
Questions
Is Bulk or Deribit cheaper to trade?
Opening and closing $10,000 of BTC with market orders costs $7.00 on Bulk and $7.06 on Deribit right now, taker fee and order-book slippage together: about the same. Taker fees: 0.035% and 0.035%.
Which has more markets, Bulk or Deribit?
Bulk lists 19 active markets and Deribit 144; 17 assets trade on both, 6 of them stocks, commodities or other real-world assets.
Does Bulk or Deribit require KYC?
Bulk: No ID (the terms keep a right to checks); barred: the US, UK, Ontario, Australia, Japan, South Korea, Singapore, UAE and several EU countries. Deribit: ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Can you arbitrage funding between Bulk and Deribit?
Not profitably right now: none of the 17 assets on both paid more in funding over the last 7 days than a round trip on both costs.
Which is bigger, Bulk or Deribit?
24-hour volume: Bulk $38.5M, Deribit $12.65B. Open interest as each reports it: $15.9M and $1.33B. Bulk reports open interest as longs plus shorts, both sides of every position; Deribit reports one side. For the same positions Bulk's figure reads about twice as large. TVL: $7.0M and none published.